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Sunteck Realty Limited Investor Presentation Q2 & H1 FY26 October 2025 NSE: SUNTECK | BSE: 512179 | Bloomberg: SRIN: IN | Reuters: SUNT.NS / SUNT.BO
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Disclaimer By attending the meeting where this presentation is made and any additional material is provided (“Presentation”) or by reading the Presentation, you (“Recipient”), agree to be bound by the following limitations. This Presentation has been prepared on the basis of the estimates of the management of Sunteck Realty Limited (the "Company“ or “Sunteck”), for the sole and exclusive purpose of providing information to the Recipient about the Company and its business, and is not and should be construed to be, directly or indirectly, an offer and / or an invitation and / or a recommendation and / or a solicitation of an offer to buy or sell any securities of the Company in any jurisdiction, nor shall part, or all, of this Presentation form the basis of, or be relied on in connection with, any contract or binding commitment or investment decision in relation to any securities of the Company. No offering of securities of the Company will be made except by means of an offering document containing detailed information about the Company. Securities may not be offered or sold in the United States unless they are registered or exempt from registration requirements under the U.S. Securities Act of 1933, as amended. There will be no offer of securities in the United States. The distribution of this Presentation in certain jurisdictions may be restricted by law and persons into whose possession this Presentation comes should inform themselves about and observe any such restrictions. This Presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose without the prior written consent of the Company. The information in this Presentation is being provided by the Company solely for the purposes set out herein and is subject to change without notice. Further, this Presentation does not purport to be all-inclusive or necessarily include all the information that the Recipient desires in its evaluation of the Company. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. The audited consolidated financial statements for Fiscals 2016 onwards have been prepared in accordance with Ind AS and the same for prior years have been prepared in accordance with Indian GAAP. This Presentation contains statements which may pertain to future events and expectations and therefore may constitute forward-looking statements. Any statement in this Presentation that is not a statement of historical fact shall be deemed to be a forward-looking statement, and the Recipient agrees that such statements may entail known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained herein will in fact occur. None of the future projections, expectations, estimates or prospects in this Presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the Presentation. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. The Recipient acknowledges that it shall be solely responsible for its own assessment of the market and the market position of the Company and that it shall conduct its own analysis and be solely responsible for forming its own view of the potential future performance of the business of the Company. The information contained in this Presentation is as of September 30, 2025 except as may be stated otherwise. Neither the delivery of this Presentation nor any further discussions of the Company with any of the Recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. The Company is not under any obligation to update the contents of this Presentation or inform Recipient of any changes in the affairs of the Company. The Company hereby expressly disclaims liability for any errors, inaccuracies, or omissions, and representations and warranties – express or implied, as provided within or in connection with this Presentation. Any clarifications, queries or future communication regarding the matters stated in this Presentation should be addressed to the Company directly. The information given in this Presentation in the form of pictures, artistic renders, areas, consideration, project details etc. should not be construed to be or constitute advertisements, solicitations, marketing, offer for sale, invitation to offer or invitation to acquire.The intention of this Presentation is not to sell or market the unit/s of any of the projects of the Company and is limited to only providing information to Recipient of the Presentation. Note The project elevations are for representation purposes only and are the sole property of the Company and may not be reproduced, copied, projected, edited in any way without written permission from the Company. All data and project related numbers are basis revenue recognition and operational performance excl. overheads for completed, ongoing and future projects respectively. 2
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Key Highlights of Q2 & H1 FY26 3 Q2 FY26 • Pre-sales grew to ~Rs.702 cr, up 34% YoY • Collections stood strong at ~Rs. 331 cr, up 24% YoY • Revenue from Operations grew to ~Rs. 252 cr, up 49% YoY • EBITDA grew to ~Rs.78 cr, up 108% YoY • PAT grew to ~Rs.49 cr, up 41% YoY • EBITDA Margin grew to ~31%, up 873 bps • PAT Margin stood strong at ~19% H1 FY26 • Pre-sales grew to ~Rs.1,359 cr, up 32% YoY • Collections stood strong at ~Rs. 682 cr, up 12% YoY • Revenue from Operations stood at ~Rs. 441 cr • EBITDA grew to ~Rs.126 cr, up 83% YoY • PAT grew to ~Rs.82 cr, up 44% YoY • EBITDA Margin grew to ~28%, up 1,433 bps • PAT Margin grew to ~19%, up 687 bps • Net Operating Cash Flow Surplus of ~Rs.258 cr, up 35% YoY • Net Debt to Equity Ratio stands strong at 0.04x
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Key Strengths - Why Sunteck? 4
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1 Key Strengths – Why Sunteck? Strong Foothold in MMR market – amongst the largest growing market in India 2 3 Well-timed Capital Allocation for acquisitions - Acquired more than ~50 mn sq ft & GDV of ~Rs 39,100 cr 4 Expanding Annuity Income Portfolio – Rs 300 cr+ rental, capital value creation of upto ~Rs 5,000 cr 5 Strong Financial Performance – With Net D/E of 0.04x and strong operational growth of ~34% 6 Successful equity partnerships – Partnerships with Kotak Fund and Ajay Piramal Group and now, with IFC- World Bank Group Luxury portfolio in every segment & across micro- markets - from uber luxury to aspirational luxury 5
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Snapshot Rs 1 cr = Rs 10 mn 20 projects successfully delivered Rs~39,100 cr of GDV from ~11 large projects Well-timed capital allocation with JDA & outright model One of the large developers in MMR – largest & fastest growing market ~50 MSF+ total development acquisitions Strong Operational Foothold 6
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Strong Foothold in MMR Market MMR-Focused Luxury Real Estate Developer (1/2) By Location Volume By Project Brands 1 7 ANDHERI, NEAR WEH 0.3 MSF MIRA ROAD WEH ~0.6 MSF
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Strong Foothold in MMR market MMR is the most attractive real estate market in India (2/2) 8 1 Source: Industry Reports (Based on 7 cities) 97,374 54,733 56,375 54,745 36,883 46,811 28,633 25,502 22,216 19,190 MMR Bengaluru NCR Pune Hyderabad NUMBER OF UNITS SOLD IN - FY25 & H1FY26 8,277 6,620 5,066 4,778 5,974 8,532 7,052 5,535 4,868 6,326 MMR Bengaluru NCR Pune Hyderabad 93% 61% 52% 53% 51% 50% 2010 2020 2021 2022 2023 2024 ~39%, MMR ~16%, NCR ~17%, Bengaluru ~28%, Others MARKET SHARE BY VALUE INR/SQ FT – CY24 & CY H125 MMR AFFORDABILITY MATRIX Measured as EMI to Income ratio MMR – Mumbai Metropolitan Region | NCR - National Capital Region of India
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Luxury portfolio in every segment & across micro-markets From Uber Luxury to Aspirational Luxury Premium positioning by creating different luxury brands across segments 2 9
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Well-timed Capital Allocation for acquisitions Acquired more than ~50 mn sq ft & GDV of ~Rs.39,100 cr (1/3) 10 3 OUTRIGHT ACQUISITION / MAJOR CAPITAL ALLOCATION JOINT DEVELOPMENT / JOIN VENTURE ACQUISITION STRENGTH • RESEARCH BASED ACQUISITIONS • ABILITY TO PREDICT GROWTH AREAS AHEAD OF THE CURVE • HIGH EQUITY MULTIPLE PHILOSOPHY
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Gross Development Value (GDV) Achieved pre-sales growth of ~34% in Q2FY26 (2/3) 3 11 Signature & Signia, BKC Rs. 1,625 cr Signature & Signia, BKC Rs 1,545 cr Signature & Signia, BKC Rs 1,310 cr Signature & Signia, BKC Rs 850 cr Signature & Signia, BKC Rs 700 cr Sunteck City, ODC, Goregaon Rs. 6,600 cr Sunteck City, ODC, Goregaon Rs 6,100 cr Sunteck City, ODC, Goregaon Rs 5,750 cr Sunteck City, ODC, Goregaon Rs 5,440 cr Sunteck City, ODC, Goregaon Rs 5,380 cr Sunteck World, Naigaon Rs. 5,425 cr Sunteck World, Naigaon Rs 5,200 cr Sunteck World, Naigaon Rs 4,775 cr Sunteck World, Naigaon Rs 4,410 cr Sunteck World, Naigaon Rs 4,300 cr SBR, Vasai West Rs. 4,050 cr SBR, Vasai West Rs 3,890 cr SBR, Vasai West Rs 3,600 cr SBR, Vasai West Rs 3,440 cr Sunteck Crescent Park, Kalyan Rs 8,850 cr Sunteck Crescent Park, Kalyan Rs 8,810 cr Sunteck Crescent Park, Kalyan Rs 8,800 cr Nepean Sea Project – 2 Rs 2,210 cr Nepean Sea Project – 2 Rs 1,690 cr Burj Khalifa Community, Dubai Rs 9,000 cr Burj Khalifa Community, Dubai Rs 9,000 cr Bandra West Project Rs 1,000 cr Bandra West Project Rs 1,000 cr Launched Upcoming Newly Announced Pre-sales: ~Rs 1,303 cr Pre-sales: ~Rs 1,602 cr Pre-sales: ~Rs 1,915 cr Pre-sales: ~Rs 2,531 cr Pre-sales: ~Rs 1,359 cr Sunteck Sky Park, Mira Raod Rs. 2,450 cr Sunteck Sky Park, Mira Raod Rs 1,890 cr Sunteck Sky Park, Mira Raod Rs 1,650 cr Sunteck Sky Park, Mira Raod 1,290 cr H1FY26 GDV – ~Rs 39,100 cr FY25 GDV – ~Rs 39,370 cr FY24 GDV – ~Rs 26,645 cr FY23 GDV – ~Rs 19,345 cr FY22 GDV – ~Rs 13,650 cr GDV is Balance Gross Development Value excluding, sales already done Rs 1 bn = Rs 100 cr Andheri, WEH Rs 1,100 cr Nepean Sea Project – 2 Rs 2,400 cr Nepean Sea Project – 2 Rs 2,400 cr
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Gross Development Value (GDV) Achieved pre-sales growth of ~34% in Q2FY26 (3/3) 3 13,650 19,345 26,645 39,370 39,100 FY2022 FY2023 FY2024 FY2025 H1FY2026 GDV (~Rs cr) Rs 1 bn = Rs 100 cr GDV – Balance Gross Development Value excluding sales already done GDV Segment (H1 FY25) Uber & Ultra Luxury 38% Premium Luxury 29% Aspirational Luxury 34% Uber & Ultra Luxury Projects: Signature Island, Signia Isles & Signia Pearl – BKC Nepean Sea Downtown Dubai Bandra West Premium Luxury Projects: Sunteck City – ODC, Goregaon (W) Sunteck Beach Residences – Vasai (W) Sunteck Sky Park – Mira Road Andheri, WEH Project Aspirational luxury Projects: Sunteck World – Naigaon Sunteck Crescent Park – Kalyan
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Expanding Annuity Income Portfolio Rs 300 cr+ rental, capital value creation of upto ~Rs 5,000 cr Sunteck BKC 51, BKC Jn. Avg. Rental Income – Rs 35 cr Sunteck BKC 51, BKC Jn. Avg. Rental Income – Rs 35 cr Sunteck Icon, BKC Jn. Avg. Rental Income – Rs 35 cr Sunteck BKC 51, BKC Jn. Avg. Rental Income – Rs 35 cr Sunteck Icon, BKC Jn. Avg. Rental Income – Rs 35 cr 5th Avenue, Sunteck City, ODC Avg. Rental Income – Rs 250 cr FY2024 Total Avg. Annual Rental Income: ~Rs 35 cr FY2025 Total Avg. Annual Rental Income: ~Rs 70 cr FY2028-29E Total Avg. Annual Rental Income: ~Rs 320 cr 1 1 2 1 2 3 Capital Value – Upto ~Rs 525 cr 13Rs 1 bn = Rs 100 cr Launched Upcoming Capital Value – Upto ~Rs 1,050 cr Capital Value – Upto ~Rs 5,000 cr BKC – Bandra Kurla Complex, ODC – Oshiwara District Center, Goregaon West 4 Sunteck Icon and Sunteck BKC 51 at BKC Junction has been pre-leased for a tenure of 29 years Both commercial assets have generated an Avg. ROIC of ~30%
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Strong Financial Performance 14 5 Amongst industry best financials Rs 1 cr = Rs 10 mn Rs. 750 cr partnership with IFC – World Bank Group Pre-sales growth @~34% of Q2FY26 Net Debt to Equity @ 0.04x ~20%+ Cashflow RoCE of past 3 years AA Long term credit rating from India Ratings (Fitch)
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Strong Financial Performance Pre-sales and Collections registering strong growth (1/4) 15 Rs 1 cr = Rs 10 mn 5 1,303 1,602 1,915 2,531 1,359 0 500 1,000 1,500 2,000 2,500 3,000 FY22 FY23 FY24 FY25 H1FY26 Annual Pre-sales (~Rs cr) 1,053 1,250 1,236 1,255 682 0 400 800 1,200 1,600 FY22 FY23 FY24 FY25 H1FY26 Annual Collections (~Rs cr) Operational Trend Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 Pre-Sales 702 524 1,359 1,026 Collections 331 267 682 609
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Strong Financial Performance Cashflow RoCE @~16% (2/4) • As the company follows Project Completion Method of Accounting, Cashflow RoCE (Net CF Surplus / Adjusted Networth) is considered • Adjusted Networth for FY25 (~Rs 2,367 cr) = Total Average Equity (~Rs 3,192 cr) – Capital Reserve (~Rs 825 cr) 281 239 428 484 374 0 100 200 300 400 500 600 FY21 FY22 FY23 FY24 FY25 Net CF Surplus (~Rs cr) 15% 12% 22% 21% 16% 0% 5% 10% 15% 20% 25% FY21 FY22 FY23 FY24 FY25 Cashflow RoCE 16Rs 1 cr = Rs 10 mn 5
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Strong Net Cash Flow Surplus Cashflow surpasses ~Rs 2,000 cr (3/4) Particulars (~Rs cr) H1 FY26 H1 FY25 Gross Collections 682 609 Less: Project Expenses 287 303 Less: JDA Revenue Share 20 44 Gross Operating Cash Flow Surplus 376 262 Less: Other Expenses 118 71 Net Operating Cash Flow Surplus 258 191 Amount spent on BD/LO/JDA Cost 427 97 Rs 1 cr = Rs 10 mn 17 281 520 948 1,432 1,806 2,064 0 500 1000 1500 2000 2500 FY21 FY22 FY23 FY24 FY25 H1FY26 Cumulative NOCF Surplus (~Rs cr) 5
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Strong Financial Performance Net Debt to Equity @ 0.04x Sunteck’s Long-Term Credit Rating at AA from India Ratings (Fitch) (4/4) 18 Particulars (~Rs cr) FY23 FY24 FY25 H1FY26 Gross Debt 593 295 336 483 Less: Cash & Cash Equivalents 158 106 203 63 Less: Loans to JDA partners 155 198 259 294 Net Debt 280 -8 -125 126 Net Worth 2,788 3,124 3,260 3,335 Net Debt / Equity 0.10x -0.00x -0.04x 0.04x Quasi-Equity and Others* 93 79 51 42 Adjusted Net Debt 373 72 -74 168 Adj. Net Debt / Equity 0.13x 0.02x -0.02x 0.05x *With effect from 9th March, 2020, Starlight Systems (I) LLP became a wholly owned subsidiary of SRL pursuant to the retirement of PDL Realty Private Limited (Retired Partner). The Retired Partner’s balance of current capital and fixed capital in the SSILLP , aggregating to ~910 mn have been converted into a loan. The said loan will be in the form of 1% secured Non-Convertible Debentures (NCDs), which will be redeemed at premium out of the future free cash flow from the specified projects only with a tenure of 20 years. 5 Rs 1 cr = Rs 10 mn 0.58x 0.74x 1.04x 0.89x 0.70x0.75x 0.51x 0.17x0.17x0.22x0.17x0.19x 0.10x -0.00x-0.04x 0.04x -0.50x 0.00x 0.50x 1.00x 1.50x 2.00x FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 ~36 mn sq ft has been acquired since 2018 Net Debt/Equity Ratio
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Successful Equity Partnerships • Key highlights of the partnership • MMR focused platform to build high-quality green urban large-scale housing projects targeting the mid-income demographic • Up to 4 to 6 green housing projects - developing around 12,000 units • Highlights SRL’s capability to develop high quality large-scale housing projects in the MMR 19 Recent Partnership 6 • Sunteck & IFC – World Bank Group form Joint Investment Platform of up to ~Rs 750 cr Past Partnerships • With Ajay Piramal Group • India REIT invested at Signature Island, BKC in 2006 and exited at >20% IRRs within ~3 years • 50:50 JV - Piramal Sunteck Realty Pvt. Ltd. (PSRPL) formed in 2007 to undertake multiple projects • With Kotak Realty Fund • Kotak Real Estate Fund (KREF) has invested in the listed entity in the past • KREF has done multiple PE SPV investment - Signia Isles, BKC in 2009 and Sunteck City, ODC in 2012, and exited at >20% IRRs Rs 1 cr = Rs 10 mn
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Annexure Q2 & H1 FY26 Financial Results 20
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P&L Statement Strong Revenue & PAT growth 21Rs 1 cr = Rs 10 mn PROFIT & LOSS STATEMENT (Consolidated) Particulars Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 Operating Revenue 252 169 441 485 EBITDA 78 37 126 69 - Margin (%) 31% 22% 28% 14% PBT 65 37 107 66 Net Income 49 35 82 57 - Margin (%) 19% 20% 19% 12% Rs in cr
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Financial Performance – Quarterly & Year to date 22 169 252 Q2FY25 Q2FY26 37 78 Q2FY25 Q2FY26 35 49 Q2FY25 Q2FY26 69 126 H1FY25 H1FY26 57 82 H1FY25 H1FY26 Revenue from Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) QuarterlyYear-to-Date Amount in chart are Rs in cr 22% 31% 20% 19% 14% 28% 12% 19% 485 441 H1FY25 H1FY26
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Balance Sheet Strong Credit Rating of AA by India Ratings (Fitch) 23 Liabilities Sept ’25 Mar ’25 Assets Sept ’25 Mar’25 Networth 3,335 3,260 Receivables 174 117 Borrowings 525 387 Inventories 6,372 6,206 Non-Current Liabilities 16 17 Loans & Advances 388 347 Current Liabilities 1,347 1,219 Cash & Bank 63 203 Others Liabilities 3,494 3,444 Others Assets 1,720 1,453 Total 8,717 8,327 Total 8,717 8,327 Rs 1 cr = Rs 10 mn BALANCE SHEET (Consolidated) Rs in cr
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Operational Performance Break-up Rs 1 cr = Rs 10 mn 24 Segment Pre-sales (~Rs cr) Pre-sales (~Rs cr) Uber Luxury 280 660 Premium Luxury 331 557 Aspirational Luxury 67 112 Others 24 30 Total 702 1,359 H1 FY26 Rs in cr Q2 FY26
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Annexure ESG & Awards 25
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2025 GRESB Development Benchmark Report 26 Participation & Score 69 70 Development Score GRESB Average 61 Benchmark Average 68 99 2025 Sunteck Realty Limited has earned an exceptional GRESB (Global Real Estate Sustainability Benchmark) score of 99, along with a prestigious 5-star rating for FY25. 96 2024 95 2023 Rating
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Green Building Initiatives 27 • Four projects, 4th Avenue, SunteckCity, ODC Goregaon W; Sunteck Maxxworld & Sunteck Oneworld, Naigaon and Sunteck Beach Residences (SBR), Vasai W has been awarded with EDGE (Excellence in Design for Greater Efficiencies) Pre-certifcation (IFC-International Finance Corporation -The World Bank Group). • Three of our commercials buildings; BKC51, Icon and Crest has been awarded EDGE –IFC pre certification • Our HO Sunteck Centre has been awarded LEED GOLD certification by US Green building council
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Awards 28 ‘International Asia Pacific Property Awards’ UK 2024-25 in the category of ‘Sustainable Residential Development’ for the prestigious project ‘4th Avenue, Sunteck City’
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Thank you ir@sunteckindia.com